In the early hours of August 6, a super large transaction of US$1 billion worth of USDT stablecoin was transferred from an exchange to an unknown wallet on the Tron blockchain.
USDT Runs on Eight Blockchains
Tether (USDT) is a popular stablecoin whose value is pegged to the US dollar. USDT is a ERC-20 token that currently runs on eight blockchains including Algorand, BCH, EOS, Ethereum, Liquid Network, Omni, Tron and Solana.
The interoperability of stablecoins to transfer between multiple global networks shows the true power of blockchain technology.
Sam Deering, CEO, Crypto News Australia
Other Recent Whale Transactions
There have been quite a few recent whale transactions including a US$430 million Bitcoin transaction for a fee of $82, although a $0.80 fee would have been enough. This was a $430 million instant settlement with no middleman or banks involved.
In February this year we saw a similar transaction as US$1 billion worth of BTC was moved from an exchange into cold storage.
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